R/€ = 15.44Change: -0.12
R/$ = 13.57Change: -0.11
Au 1168.53 $/ozChange: 3.18
Pt 990.00 $/ozChange: 0.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Aug 22, 2008

On-The-Air (22/08/2008)

Safm 22 August 2008
Engineering|Gold|Africa|CoAL|Diamonds|Electra Mining|Eskom|Export|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Electra Mining|Operations
Engineering|Gold|Africa|CoAL|Diamonds|Electra Mining|Eskom|Export|Mining|PROJECT|Africa|Zambia|Emeralds|Energy|Gemstones|Rubies|Electra Mining|Operations
© Reuse this

Every Friday morning, SAfm’s AMLive’s radio anchor Tsepiso Makwetla speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday’s At the Coalface transcript:

Makwetla: The doyen of South African mining Brian Gilbertson has returned with big investment plans for the thriving coloured gemstone business. I am intrigued already.

Creamer: Brian Gilbertson, the man who created the biggest gold mining company in the world, BHP Billiton, is back with Pallinghurst. He has got his own skin in the game now and he is putting this business through the Johannesburg Stock Exchange.

One of the pillars of that is gemstones and he is saying that these gemstones – emeralds, sapphires and rubies – are at the stage that diamonds were 100 years ago and that the markets are booming in London and Paris and all the jewellery centres.

The actual mining side of it is very fragmented and under-capitalised and Gilbertson is moving in to change that, just as De Beers did 100 years ago. So, he has already got an emerald operation in Zambia, which he is transforming already with a bigger output, and his second pillar is Fabergé, which is the great brand name that was made famous in Russia.

Gilbertson has now got that Fabergé licence, which he bought from Unilever, and there will be a synergy between these gemstones and Fabergé. Of course, they are two separate pillars and will be operated separately, but the finest of the coloured gemstones will be branded with the Fabergé label.

Makwetla: Billions upon billions of rand going into coal mining to meet South Africa’s huge future energy needs.

Creamer: Yes that’s right. We find that if you add up the amounts being invested now in energy coal mining and expansion of coal mining, it is something in the region of R40-billion over the next ten years. We have Anglo Coal coming ahead with four new mines, the biggest of them Zondagsfontein coming through.

BHP Billition with R12-billion being invested in two new operations, the one is the Douglas Middelburg Optimisation project and the other the Klipspruit project. We also have the biggest supplier to Eskom, the black-owned Exxaro, listed on the Johannesburg Stock Exchange.

Their board has just approved a R9-billion additional investment into expanding the operation into Limpopo. The Grootegeluk coal plant that they have in Limpopo is already the biggest in the world, they are now going to double that up and also expand the mine.

We have Xstrata and African Rainbow Minerals with their R3-billion investment in Goedgevonden, which is due to produce next year. Then many medium-sized and smaller energy coal mine mining activities coming through, all on the back of a very strongly rising coal price.

The local price is also better than it was going into Eskom, but then the export prices are up in the high clouds of sometimes up to $150 per ton.

Makwetla: Johannesburg all set to host a record number of visitors for Africa’s biggest mining exhibition.

Creamer: That is the Electra Mining Africa coming up again. There will be about 35 000 people coming through, which is a record number they are expecting. The exhibitors themselves have a record number of 700 exhibitors.

They have taken up every single spare inch of space at the expo centre at Nasrec, which is 34 000 m2 of space. This is the second biggest mining exhibition in the world and it will take place from September 8 to September 12.

Makwetla: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he’ll be back with us at the same time next week.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
Other SAFM
Latest News
Rural Development and Land Reform Minister Gugile Nkwinti
Agri SA is calling for urgent clarification of the correct wording and interpretation of the governing party’s decision, whereby the 50/50 proposal, which requires farmers to hand over half their land to their workers, has been accepted as African National Congress...
South Africa should not be allowed to create new coal-fired power stations if it is to tackle its carbon emissions and meet the global goal of keeping temperature increases below 2 °C, says South African environmental and antinuclear organisation Earthlife Africa...
Integrated information and communications technology (ICT) systems provider Datacentrix has lifted earnings attributable to shareholders for the six months ended August 31, by 15.4% to R54.5-million and headline earnings per share (HEPS) by 14% to 27.7c, benefitting...
Recent Research Reports
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
This Week's Magazine
Engen Driver Wellness, the mobile health awareness initiative, continues to make a tangible difference to the lives of the country’s bulk truck operators with increased driver participation in voluntary screenings and improved health scores. Now in its fifth year,...
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96